A new report shows that despite the rising cost of living in Australia, we still enjoy dining out.
The latest Trendex global survey by American Express found that 73 percent of Aussies are eating out the same or even more than they did last year.
Gen Z and Millennials are even more likely to be interested in dining out if the restaurant is trending on social media. Thirty-seven percent of Gen Z and Millennials said that they would dine at a restaurant if it were trending on social networks.
Australian foodies are prepared to spend money on luxurious experiences.
34% of those who dine out say they prefer fine dining restaurants.
This is more than any of the other countries surveyed in the report, including the US, Canada, the UK, and Japan.
According to Trendex, the majority of Australians (89%) consider dining out as a treat for themselves.
Daniel Thomas, American Express Australia’s Vice President of Travel and Lifestyle Services, told News.com.au that it was not surprising to see the amount people still spend on cafes and restaurants.
He said that “dining out” is a part of Australian culture and a tradition that people are unwilling to abandon, whether it’s fine dining or affordable.
“Australians choose dining options more carefully in order to get the best value for money when eating out.
It’s clear that Australians still value the importance of good food in bringing people together.
Thomas said that Australians are lucky to have so many options when it comes to fine dining.
He said that fine dining was available throughout Australia. While many of the restaurants were located in capital cities and major cities, more are now found in local and regional hotspots.
Although Australians are the most interested in fine dining compared to other countries, 75% still agree that they look for deals and promotions when choosing a restaurant.
Parents in Australia are 77 percent more likely to seek out restaurants that offer “kids’ meals for free.”
Australians love to eat out, but not just at home.
65 % of travelers say that they spend most of their money on dining out when they travel abroad, excluding flights and accommodations.
A staggering 98 percent of Australians who were surveyed plan to go on vacation this year.
To achieve this, 92 percent reported that they had used a “travel hack,” such as using a credit card in order to earn points that can be redeemed for travel rewards.
The survey was conducted by a national sample in August, including 1000 Australians as well as 2000 Americans, 1000 Canadians, 1000 Japanese, 1000 Brits, and 400 Mexicans.
Participants were adults with an average annual household income of $50,000.
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